CryptoPunks NFT project has set another record for itself, this time worth $24 million (2024)

FAQs

What is the record for CryptoPunks? ›

The record for the highest sale still belongs to Cryptopunk #5,822, another 'Alien Punk,' fetching $23.7 million. Sporting a headband, Cryptopunk #3,100 has now been owned by three different collectors.

Meanwhile, as of early 2024, search volume for NFT-related keywords had dropped by 82%. The value of NFT collectibles is down 90% since 2021's peak. In speculator's evaluation, the NFT market collapsed, becoming a fad after a series of scandals in the crypto market in 2022.

CryptoPunks (PUNK) price floor today is $80,233, with a 24 hour sales volume of 49.09 ETH.

As of January 2022, CryptoPunks have generated over $2.5 billion in total traded volume on OpenSea alone, and their popularity and market value are still increasing as the NFT space reaches mainstream users.

Alien Crypto Punks, recognizable by their light blue skin tone, are the rarest of Punks released in the collection. “Crypto Punk #5822,” also known as “Blue Bandana,” is one of nine alien Punks and one of 500 wearing a bandana.

The most expensive NFT sold is The Merge, the NFT collection created by digital artist PAK that was sold for $91,806,516 within just 48 hours following its release on December 3, 2021, on the NFT marketplace Nifty Gateway.

Despite what it might look like, 2024 shows investors still heavily invested in NFTs, suggesting the market is evolving with significant potential. NFTs stumbled hard in 2023, but there's a pulse in early 2024. Market cap and trading volume picked up early in the year before steadying in Q2.

And therefore, we can confidently assert that crypto is not dead; it's merely in the process of evolving. In the evolving world of crypto, staying informed and connected is essential.

On March 11, 2022 it was announced that all of the CryptoPunks IP was acquired by Yuga Labs (parent company and creators of the Bored Ape Yacht Club project) for an undisclosed sum.

CryptoPunks are Ethereum-based NFTs created by Larva Labs in 2017, making them some of the earliest examples of crypto collectibles.

Are NFTs real? ›

A non-fungible token (NFT) is a unique digital identifier that is recorded on a blockchain and is used to certify ownership and authenticity. It cannot be copied, substituted, or subdivided. The ownership of an NFT is recorded in the blockchain and can be transferred by the owner, allowing NFTs to be sold and traded.

The most expensive CryptoPunk of all time remains CryptoPunk #5822, which sold for 8,000 ETH worth $23.7 million on Feb. 12, 2022.

It also helped pave the way for other digital artists to start experimenting with NFTs and creating their own unique digital assets. Cryptopunks also helped to bridge the gap between the crypto and art world, as it's a combination of new technology and the traditional art concept, which had rarely been seen before.

CryptoPunks are digital art and a form of asset tokenization that can sell for millions of dollars in the NFT marketplace.

There are 10,000 unique CryptoPunks (6,039 male and 3,840 female). Each one was algorithmically generated through computer code and thus no two characters are exactly alike, with some traits being rarer than others.

CryptoPunks price floor and sales live data

The project is currently ranked #1 in NFT Price Floor with a floor cap of 263.8k ETH. It has a listed ratio of 12.24% and a max supply of 10,000.

The CryptoPunks are the 24×24-pixel, 8-bit-style unique avatar that's a non-fungible token (NFT) image. They're considered a piece of art and a form of asset tokenization that's highly valuable in the NFT marketplace.